Buy Intellect Design Arena, target price Rs 840: Anand Rathi

Anand Rathi has buy call on Intellect Design Arena with a target price of Rs 840. The current market price of Intellect Design Arena is Rs 683.35.

Time period given by analyst is one year when Intellect Design Arena Ltd. price can reach defined target.

Intellect Design Arena Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 9129.22 Crore) operating in IT Software sector.


Intellect Design Arena Ltd. key Products/Revenue Segments include Computer Software for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 452.22 Crore, up 6.49 % from last quarter Total Income of Rs 424.68 Crore and up 20.92 % from last year same quarter Total Income of Rs 373.97 Crore. Company reported net profit after tax of Rs 79.79 Crore in latest quarter.

Investment Rationale
No meaningful change to estimates or the target multiple. The tweaks reflect higher wages in the short- term. The brokerage retains a Buy. Risk: Slower-than-expected growth in advanced markets.

Promoter/FII Holdings
Promoters held 30.96 per cent stake in the company as of 30-Sep-2021, while FIIs owned 26.83 per cent, DIIs 2.33 per cent.